Fundamental analysis: Copper fell on Friday, boosted by US economic data, the dollar rose, overshadowed the Bank of Japan to expand the economic stimulus plan to bring the positive impact. US consumer confidence in October rose to its highest level in more than seven years, the third quarter salary growth of 0.8%, the highest since 2008, the biggest increase, but September consumer spending fell. "The dollar is stronger, and the end of the market activity," a London-based trader said of investors at the end of the adjustment of portfolio activities. The dollar index touched the highest level in June 2010, making dollar-denominated commodities under pressure.

The dollar rose, overshadowed the Bank of Japan unexpectedly expanded its economic stimulus plan to bring the positive impact of the Bank of Japan's action to boost copper prices earlier. London Metal Exchange (LME) three-month copper closed down 0.6 percent at $ 6,695 a tonne, touching intraday highs of $ 6,795 earlier.

Despite Friday's decline, copper gained 0.4% in October, the first monthly rise in July. A union leader of the workers union at the Indonesian copper mine in McMurray, a free port in the United States, said the union had reached an agreement with the company's management that the union would cancel a one-month strike plan. The news alleviated some supply concerns. Other metals edged lower, but still ended higher, with aluminum up 0.7% at $ 2,039 a tonne, up about 4% in October. Shanghai copper continue to perform clutter, days continued to show the trend of two days. Days after dropping sharply followed by a sharp rebound. Yesterday also mentioned the London metal hedge fund Red Kite Group LME copper stocks a lot of things hoarding. Copper is still a lot of power in the care of the city, especially in the near future policy favorable dividend expectations. Days to follow the stock market late sharply higher. But many good atmosphere that is the impact of short-term trend, the medium term is still in terms of rising copper reversal is not sufficient. Recently copper production and demand are not prosperous situation, the market's focus is still in the Chinese market. In this case the copper market oscillation repeated, long and short game intensified.

Technical analysis: Friday 1501 copper contract rebounded strongly, the price back to step 47150 line, the Friday price shock upstream, the price rebounded nearly 600 points, late to close at 47800, but the Friday night US dollar index soared, commodity pressure down , LME rebounded to 6790 near the late price of the rapid decline in the late Shanghai copper opened slightly lower, the opening price of Masukura down, the re-fall to 47100 near the price run to 47100 near support strong morning copper is still possible today Continued rebound. Shanghai copper closed at 47220 at night.

Operational recommendations: Shanghai copper in early trading near 47130 near to buy more than a single stop set 47100, short-term try to rebound, days copper still have the opportunity to rebound to 47400-47500 range, backhand short.

Jinan Sales Department Fanjing Li